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The following information is provided by Rojas Company: Initial investment PV of cash inflows Payback period (years) NPV of project Project A $432,000 $580,000 3.6

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The following information is provided by Rojas Company: Initial investment PV of cash inflows Payback period (years) NPV of project Project A $432,000 $580,000 3.6 $148,000 Project B $218,000 $384,000 3.2 $166,000 Project C $564,000 $818,000 4.0 $254,000 Project D $518,000 $400,000 2.0 ($118,000) What is the profitability index for Project B? (Round your answer to two decimal places.) A. 1.24 OB. 1.9 C. 1.35 D. 1.76

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